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Lebanon Finance News

Dedicated to economic and business news on Lebanon, managed by the team of Lebanon Opportunities.

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MEVP

Emirati Mohamad Alabbar acquires large stake in MEVP. Non-controlling share is less than 50 percent

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Emirati Mohamad Alabbar, founder of Emaar Properties, has acquired a stake in Middle East Venture Partners (MEVP). Alabbar’s acquisition is just under 50 percent.

“Alabbar had been looking for a VC partner who knows the technology ecosystem ….
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Kafalat iSME invests $600,000 in Falafel Games. Amount forms part of a $2.6 million equity funding

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Kafalat iSME Programme has contributed $600,000 of equity into Falafel Games, a developer of game applications.

The investment is part of a $2.6 million equity funding recently raised by Falafel Games to finance the creation of new games and ….
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Speed@BDD completes second acceleration program. Startups seek a combined $3.5 million capital

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Speed@BDD has completed a three-month acceleration program for seven tech startups in which it has invested $210,000. This is the startup accelerator’s second program, with a third acceleration program in the offering.

The investment comes ….
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Speed@BDD invests $180,000 in startups. First batch to seek more investment

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Speed@BDD, a tech startup accelerator, said it has invested $180,000 in its first batch of startups and offered them a three-month acceleration program.

The investment was equally divided among the six startups with each receiving $30,000 to….
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Berytech Fund invests $20 million. Equity injected in 12 local SMEs

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Berytech Fund II has invested nearly $20 million since its inception ten months ago, said Paul Chucrallah, Fund Managing Director. These equity investments were injected in 12 small companies in the telecommunications, digital content, and industria….
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